Democrats are preparing to use projected “long-term economic growth” as one of the ways to pay for their massive social spending bill, a dramatic shift from criticizing the tool as “fake math” when Republicans used it to balance tax increases.
On Tuesday, Senate Democrats announced reaching an agreement on a go-it-alone $3.5 trillion budget reconciliation proposal framework for spending for “human infrastructure” social programs. They aim to pass the bill using special rules without the need for any Republican support, and aides to Democrats reportedly say that the bill will be paid through “healthcare savings,” new taxes, and “long-term economic growth.”
At the same time, a bipartisan infrastructure framework also uses the “macroeconomic impact of infrastructure investment” as a way to offset the new spending.
The practice, called dynamic scoring, allows consideration of changes in the economy due to a bill when evaluating its budgetary effect — making a notable shift for Democrats who